2013 Q2 Form 8-K Financial Statement

#000119312515002363 Filed on January 06, 2015

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q4
Revenue $11.44B $10.95B $11.11B
YoY Change 3.88% 3.68% 4.91%
Cost Of Revenue $3.019B $3.086B $3.095B
YoY Change 4.07% 8.2% 11.49%
Gross Profit $8.416B $7.867B $8.012B
YoY Change 3.81% 2.01% 2.57%
Gross Profit Margin 73.6% 71.83% 72.13%
Selling, General & Admin $4.742B $5.214B $5.266B
YoY Change -8.28% 2.14% 2.93%
% of Gross Profit 56.35% 66.28% 65.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $622.0M $599.0M $592.0M
YoY Change 14.55% 10.31% 14.29%
% of Gross Profit 7.39% 7.61% 7.39%
Operating Expenses $5.435B $10.36B $10.39B
YoY Change -23.63% 50.22% 47.76%
Operating Profit $502.0M $589.0M $718.0M
YoY Change -41.36% -27.55% -7.95%
Interest Expense -$24.00M -$9.000M -$18.00M
YoY Change 166.67% -25.0% 157.14%
% of Operating Profit -4.78% -1.53% -2.51%
Other Income/Expense, Net -$6.000M -$25.00M -$26.00M
YoY Change -700.0% 19.05% 766.67%
Pretax Income $2.355B $564.0M $692.0M
YoY Change 177.71% -28.79% -10.94%
Income Tax $897.0M $203.0M $254.0M
% Of Pretax Income 38.09% 35.99% 36.71%
Net Earnings $303.0M $361.0M $438.0M
YoY Change -44.91% -30.71% -11.87%
Net Earnings / Revenue 2.65% 3.3% 3.94%
Basic Earnings Per Share $0.96 $1.14 $1.39
Diluted Earnings Per Share $0.95 $1.13 $1.39
COMMON SHARES
Basic Shares Outstanding 315.0M shares 314.0M shares
Diluted Shares Outstanding 317.0M shares 315.0M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.917B $3.372B $2.517B
YoY Change 72.95% 65.29% 32.75%
Cash & Equivalents $4.917B $3.372B $2.517B
Short-Term Investments
Other Short-Term Assets $856.0M $963.0M $984.0M
YoY Change -19.93% -10.5% -1.11%
Inventory $457.0M $460.0M $456.0M
Prepaid Expenses
Receivables $5.044B $4.950B $5.202B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.27B $9.745B $9.159B
YoY Change 24.49% 18.87% 12.13%
LONG-TERM ASSETS
Property, Plant & Equipment $18.48B $18.33B $18.35B
YoY Change 7.17% 8.82% 9.82%
Goodwill $2.755B
YoY Change 15.42%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.054B $992.0M $1.047B
YoY Change -13.04% -23.22% -10.97%
Total Long-Term Assets $22.29B $22.09B $22.15B
YoY Change 6.94% 7.45% 9.21%
TOTAL ASSETS
Total Short-Term Assets $11.27B $9.745B $9.159B
Total Long-Term Assets $22.29B $22.09B $22.15B
Total Assets $33.57B $31.83B $31.31B
YoY Change 12.25% 10.71% 10.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.879B $1.730B $1.730B
YoY Change 16.49% 2.55% 5.1%
Accrued Expenses $1.932B $3.118B $3.097B
YoY Change 13.05% 94.63% 61.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $251.0M $251.0M $1.000M
YoY Change -39.81% -40.1% -99.77%
Total Short-Term Liabilities $5.750B $5.099B $4.828B
YoY Change 7.0% -1.03% -10.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.739B $1.991B $2.241B
YoY Change 119.12% 59.15% 79.14%
Other Long-Term Liabilities $120.0M $7.489B $7.727B
YoY Change -11.76% 5173.94% 4290.34%
Total Long-Term Liabilities $120.0M $9.480B $9.968B
YoY Change -11.76% 6576.06% 5563.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.750B $5.099B $4.828B
Total Long-Term Liabilities $120.0M $9.480B $9.968B
Total Liabilities $5.870B $15.72B $15.77B
YoY Change 6.53% 196.9% 183.82%
SHAREHOLDERS EQUITY
Retained Earnings $18.52B
YoY Change 8.08%
Common Stock $32.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change -98.77%
Treasury Stock Shares
Shareholders Equity $17.40B $16.11B $15.54B
YoY Change
Total Liabilities & Shareholders Equity $33.57B $31.83B $31.31B
YoY Change 12.25% 10.71% 10.05%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q4
OPERATING ACTIVITIES
Net Income $303.0M $361.0M $438.0M
YoY Change -44.91% -30.71% -11.87%
Depreciation, Depletion And Amortization $622.0M $599.0M $592.0M
YoY Change 14.55% 10.31% 14.29%
Cash From Operating Activities $1.712B $1.258B $815.0M
YoY Change -5.83% 48.17% -37.69%
INVESTING ACTIVITIES
Capital Expenditures -$945.0M -$542.0M -$916.0M
YoY Change -10.93% -25.65% -17.25%
Acquisitions
YoY Change
Other Investing Activities $10.00M $25.00M $8.000M
YoY Change -80.77% 400.0% 14.29%
Cash From Investing Activities -$935.0M -$517.0M -$908.0M
YoY Change -7.33% -28.59% -17.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 767.0M 127.0M -135.0M
YoY Change 5378.57% 6250.0% -42.31%
NET CHANGE
Cash From Operating Activities 1.712B 1.258B 815.0M
Cash From Investing Activities -935.0M -517.0M -908.0M
Cash From Financing Activities 767.0M 127.0M -135.0M
Net Change In Cash 1.544B 868.0M -228.0M
YoY Change 87.61% 583.46% 776.92%
FREE CASH FLOW
Cash From Operating Activities $1.712B $1.258B $815.0M
Capital Expenditures -$945.0M -$542.0M -$916.0M
Free Cash Flow $2.657B $1.800B $1.731B
YoY Change -7.71% 14.07% -28.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">ADVERTISING.</font><font style="font-family:Times New Roman;font-size:11pt;"> Advertising and promotion costs are </font><font style="font-family:Times New Roman;font-size:11pt;">expensed as incurred and are classified in other operating expenses. Advertising and promotion expenses </font><font style="font-family:Times New Roman;font-size:11pt;">were $</font><font style="font-family:Times New Roman;font-size:11pt;">407</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">million in </font><font style="font-family:Times New Roman;font-size:11pt;">2014</font><font style="font-family:Times New Roman;font-size:11pt;">, $</font><font style="font-family:Times New Roman;font-size:11pt;">424</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2013</font><font style="font-family:Times New Roman;font-size:11pt;"> and $</font><font style="font-family:Times New Roman;font-size:11pt;">421</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2012</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p>
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CY2014 us-gaap Nature Of Operations
NatureOfOperations
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">DESCRIPTION OF BUSINESS.</font><font style="font-family:Times New Roman;font-size:11pt;"> FedEx Corporation (&#8220;FedEx&#8221;) provides a broad portfolio of transportation, e-commerce and business services through companies com</font><font style="font-family:Times New Roman;font-size:11pt;">peting collectively, operating independently and managed collaboratively, under the respected FedEx brand. </font><font style="font-family:Times New Roman;font-size:11pt;">Our primary operating companies </font><font style="font-family:Times New Roman;font-size:11pt;">are</font><font style="font-family:Times New Roman;font-size:11pt;"> Federal Express Corporation (&#8220;FedEx Express&#8221;), the world's largest express transportation company; FedEx Ground Package System, Inc. (&#8220;FedEx Ground&#8221;), a leading </font><font style="font-family:Times New Roman;font-size:11pt;">North American </font><font style="font-family:Times New Roman;font-size:11pt;">provider of small-package ground delivery services; </font><font style="font-family:Times New Roman;font-size:11pt;">and FedEx Freight, Inc. (</font><font style="font-family:Times New Roman;font-size:11pt;">&#8220;FedEx Freight&#8221;), a leading </font><font style="font-family:Times New Roman;font-size:11pt;">U.S.</font><font style="font-family:Times New Roman;font-size:11pt;"> p</font><font style="font-family:Times New Roman;font-size:11pt;">rovider of </font><font style="font-family:Times New Roman;font-size:11pt;">less-than-truckload (&#8220;</font><font style="font-family:Times New Roman;font-size:11pt;">LTL</font><font style="font-family:Times New Roman;font-size:11pt;">&#8221;)</font><font style="font-family:Times New Roman;font-size:11pt;"> freight services</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">These companies represent our major service lines and, along with FedEx Corporate Services, Inc. (&#8220;FedEx Services&#8221;), form the core of our reportable segments. Our FedEx Services segment provides sales, marketing</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> information technology</font><font style="font-family:Times New Roman;font-size:11pt;">, communications and </font><font style="font-family:Times New Roman;font-size:11pt;">certain </font><font style="font-family:Times New Roman;font-size:11pt;">back-office</font><font style="font-family:Times New Roman;font-size:11pt;"> support to our transportation segments. In addition, the FedEx Services segment provides customers with retail access to FedEx Express and FedEx Ground shipping services through FedEx Office and Print Services, Inc. (&#8220;FedEx Office&#8221;) and provides customer service, technical support and billing and collection services through FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect</font><font style="font-family:Times New Roman;font-size:11pt;">, Inc. (&#8220;FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect</font><font style="font-family:Times New Roman;font-size:11pt;">&#8221;). </font></p>
CY2014 fdx Aircraft Idle Term
AircraftIdleTerm
3 months
CY2013 fdx Asset Impairments Net Of Tax
AssetImpairmentsNetOfTax
63000000 USD
CY2013Q2 fdx Aircraft With Shortened Depreciable Lives
AircraftWithShortenedDepreciableLives
76
CY2013Q2 fdx Number Of Impaired Boeing Aircraft Engines
NumberOfImpairedBoeingAircraftEngines
15
CY2012Q2 fdx Number Of Impaired Airbus310200 Aircraft Engines
NumberOfImpairedAirbus310200AircraftEngines
26
CY2012Q2 fdx Number Of Impaired Boeing Aircraft Engines
NumberOfImpairedBoeingAircraftEngines
17
CY2014 fdx Acceleratedsharerepurchaseaggregatepayment
Acceleratedsharerepurchaseaggregatepayment
2000000000 USD
CY2014Q1 fdx Acceleratedsharerepurchasesharesdelivered
Acceleratedsharerepurchasesharesdelivered
11400000 shares
CY2013 fdx Business Realignment Costs
BusinessRealignmentCosts
560000000 USD
CY2013 fdx Business Realignment Costs Net Of Tax
BusinessRealignmentCostsNetOfTax
353000000 USD
CY2013 fdx Business Realignment Costs Diluted Eps Impact
BusinessRealignmentCostsDilutedEpsImpact
1.11
CY2012Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000 USD
CY2012Q2 us-gaap Goodwill
Goodwill
2387000000 USD
CY2012Q2 us-gaap Goodwill Gross
GoodwillGross
3697000000 USD
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
17000000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
24000000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
11000000 USD
CY2014Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
57000000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23000000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72000000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
351000000 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">USE OF ESTIMATES</font><font style="font-family:Times New Roman;font-size:11pt;">. The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingent liabilities. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include: self-insurance accruals; retirement plan obligations; long-term incentive accruals; tax liabilities; loss contingencies</font><font style="font-family:Times New Roman;font-size:11pt;">;</font><font style="font-family:Times New Roman;font-size:11pt;"> litigation claims; and impairment assessments on long-lived assets (including goodwill).</font></p>
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27000000 USD
CY2013Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
768000000 USD
CY2013Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
11000000 USD
CY2013Q2 fdx Total Debt And Capital Lease Obligations
TotalDebtAndCapitalLeaseObligations
2990000000 USD
CY2014Q2 fdx Total Debt And Capital Lease Obligations
TotalDebtAndCapitalLeaseObligations
4737000000 USD
CY2014Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
267000000 USD
CY2013Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
489000000 USD
CY2014Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
434000000 USD
CY2013Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
615000000 USD
CY2014Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
576000000 USD
CY2013Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
584000000 USD
CY2014Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
811000000 USD
CY2013Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
796000000 USD
CY2014Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
339000000 USD
CY2013Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
368000000 USD
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
913000000 USD
CY2014Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
11000000 USD
CY2013Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3200000000 USD
CY2014Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
5000000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2014 fdx Line Of Credit Facility Covenant Terms Maximum Leverage Ratio
LineOfCreditFacilityCovenantTermsMaximumLeverageRatio
70%
CY2014 fdx Line Of Credit Facility Covenant Terms Leverage Ratio
LineOfCreditFacilityCovenantTermsLeverageRatio
57%
CY2014 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-03-01
CY2014Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1000000000 USD
CY2014Q2 fdx Letters Of Credit Outstanding
LettersOfCreditOutstanding
538000000 USD
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
493000000 USD
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingAggregateIntrinsicValue
307000000 USD
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
86.15
CY2014Q2 fdx Stock Options Outstanding Weighted Average Remaining Contractual Term
StockOptionsOutstandingWeightedAverageRemainingContractualTerm
6.0
CY2014Q2 fdx Surety Bonds Placed
SuretyBondsPlaced
531000000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2154000000 USD
CY2013 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2061000000 USD
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2018000000 USD
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
197000000 USD
CY2013 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
192000000 USD
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
210000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2351000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2253000000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2228000000 USD
CY2014Q2 fdx Percentage Total Aircraft Fleet Leased
PercentageTotalAircraftFleetLeased
0.10
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2062000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1903000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1932000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1455000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1228000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
6814000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
15394000000 USD
CY2013Q2 fdx Percentage Total Aircraft Fleet Leased
PercentageTotalAircraftFleetLeased
0.10
CY2014 fdx Weighted Average Remaining Lease Term Operating
WeightedAverageRemainingLeaseTermOperating
6 years
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000 shares
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4953000000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18000000 USD
CY2014Q2 fdx Unused Portion Of Letter Of Credit Facility
UnusedPortionOfLetterOfCreditFacility
149000000 USD
CY2014Q2 fdx Letter Of Credit Maximum Facility
LetterOfCreditMaximumFacility
500000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.34
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0179
CY2014 fdx Expected Lives
ExpectedLives
6.2 years
CY2013 fdx Expected Lives
ExpectedLives
6.1 years
CY2012 fdx Expected Lives
ExpectedLives
6.0 years
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Maximum Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedMaximumTerm
10 years
CY2014 fdx Stock Option Vesting Period Range
StockOptionVestingPeriodRange
1 to 4 years
CY2014 fdx Restricted Stock Expiration Period
RestrictedStockExpirationPeriod
ratably over 4 years
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00609
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00563
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
347000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
107000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
67000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.79
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.20
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.92
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingPeriod
0.83
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0147
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0094
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00561
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
87.62
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
91.71
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
88.81
CY2014Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageExercisePrice
95.56
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19135434 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3482179 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6468517 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
514240 shares
CY2014Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingNumber
6318382 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13108873 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
91.61
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
8.3
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
103.83
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
80.86
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
100.80
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
91.46
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
529334 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
191964 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
239716 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
480157 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
220391 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
214435 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
85.45
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
88.95
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
75.48
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1425 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
100.46
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
159000000 USD
CY2014Q2 fdx Ratio Of Outstanding And Available To Grant Shares To Total Outstanding Common And Equity Compensation Shares And Equity Compensation Shares Available For Grant
RatioOfOutstandingAndAvailableToGrantSharesToTotalOutstandingCommonAndEquityCompensationSharesAndEquityCompensationSharesAvailableForGrant
0.08
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2408179 shares
CY2013 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2824757 shares
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2807809 shares
CY2014Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
65000000 USD
CY2013Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
81000000 USD
CY2012Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
70000000 USD
CY2014 fdx Share Based Compensation Arrangement By Share Based Payment Award Remaining Weighted Average Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardRemainingWeightedAverageVestingPeriod
2 years
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2093000000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1558000000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2029000000 USD
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315000000 shares
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
105000000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
109000000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
117000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3300000 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11100000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12600000 shares
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2093000000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1558000000 USD
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CurrentFederalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.018
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2014Q2 fdx Deferred Tax Assets Property Equipment Leases And Intangibles
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CY2013Q2 fdx Deferred Tax Assets Property Equipment Leases And Intangibles
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157000000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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555000000 USD
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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533000000 USD
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DeferredTaxAssetsOther
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CY2013Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
251000000 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
333000000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2014Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
245000000 USD
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2014Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2013Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2806000000 USD
CY2014Q2 fdx Deferred Tax Liabilities Property Equipment Leases And Intangibles
DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles
3730000000 USD
CY2013Q2 fdx Deferred Tax Liabilities Property Equipment Leases And Intangibles
DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles
3676000000 USD
CY2014Q2 fdx Deferred Tax Liabilities Employee Benefits
DeferredTaxLiabilitiesEmployeeBenefits
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DeferredTaxLiabilitiesEmployeeBenefits
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DeferredTaxLiabilitiesOther
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CY2013Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2014Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2013Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
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CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
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CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
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CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
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CY2014Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
80000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2014 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
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CY2013 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
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CY2012 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.364
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2014 fdx Permanent Reinvestment Strategy Percent Benefit To Effective Tax Rate
PermanentReinvestmentStrategyPercentBenefitToEffectiveTaxRate
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CY2014Q2 fdx Cash In Offshore Jurisdictions
CashInOffshoreJurisdictions
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CY2013Q2 fdx Cash In Offshore Jurisdictions
CashInOffshoreJurisdictions
420000000 USD
CY2014 fdx Unremitted Earnings Of Foreign Subsidiaries
UnremittedEarningsOfForeignSubsidiaries
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CY2013 fdx Unremitted Earnings Of Foreign Subsidiaries
UnremittedEarningsOfForeignSubsidiaries
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CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2013Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2011Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
42000000 USD
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PensionPlanNetPeriodicBenefitCost
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PensionPlanNetPeriodicBenefitCost
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PensionPlanNetPeriodicBenefitCost
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DefinedContributionPlanCostRecognized
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DefinedContributionPlanCostRecognized
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DefinedContributionPlanCostRecognized
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PostretirementHealthcarePlansNetPeriodicBenefitCost
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70000000 USD
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PensionAndOtherPostretirementBenefitExpense
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QuotedPricesInActiveMarketsLevel1
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OtherObservableInputsLevel2
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DefinedBenefitPlanFairValueOfPlanAssets
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QuotedPricesInActiveMarketsLevel1
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21543000000 USD
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24219000000 USD
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22600000000 USD
CY2014Q2 fdx Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereProjectedObligationExceedsFairValueOfAssets
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CY2013Q2 fdx Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets
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CY2014Q2 fdx Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereAccumulatedObligationExceedsFairValueOfAssets
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CY2013Q2 fdx Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets
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DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
23447000000 USD
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DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
21930000000 USD
CY2013 fdx Required Pension Plans Contributions By Employer
RequiredPensionPlansContributionsByEmployer
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CY2014 fdx Required Pension Plans Contributions By Employer
RequiredPensionPlansContributionsByEmployer
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CY2014 fdx Defined Benefit Plan Us Contributions By Employer
DefinedBenefitPlanUSContributionsByEmployer
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CY2013 fdx Defined Benefit Plan Us Contributions By Employer
DefinedBenefitPlanUSContributionsByEmployer
560000000 USD
CY2014 fdx Required Pensions Contributions Remaining
RequiredPensionsContributionsRemaining
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CY2014 fdx Voluntary Pension Plans Contributions By Employer
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CY2014 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
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CY2014Q2 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q1 us-gaap Operating Income Loss
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OperatingIncomeLoss
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CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareBasic
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CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.49
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.57
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.46
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2013Q3 us-gaap Revenues
Revenues
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CY2013Q4 us-gaap Revenues
Revenues
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CY2014Q1 us-gaap Revenues
Revenues
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CY2012Q3 us-gaap Revenues
Revenues
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CY2012Q4 us-gaap Revenues
Revenues
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CY2013 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
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CY2014 fdx United States Revenue
UnitedStatesRevenue
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CY2014Q2 fdx United States Noncurrent Assets
UnitedStatesNoncurrentAssets
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CY2014Q2 fdx International Noncurrent Assets
InternationalNoncurrentAssets
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CY2014Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
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CY2013Q2 fdx United States Noncurrent Assets
UnitedStatesNoncurrentAssets
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CY2013Q2 fdx International Noncurrent Assets
InternationalNoncurrentAssets
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CY2013Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
22293000000 USD
CY2013 fdx United States Revenue
UnitedStatesRevenue
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CY2012Q2 fdx International Noncurrent Assets
InternationalNoncurrentAssets
1973000000 USD
CY2012Q2 fdx United States Noncurrent Assets
UnitedStatesNoncurrentAssets
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CY2012Q2 us-gaap Assets Noncurrent
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CY2012 fdx United States Revenue
UnitedStatesRevenue
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CY2012 us-gaap Depreciation And Amortization
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CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2014 us-gaap Interest Paid Net
InterestPaidNet
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CY2013 us-gaap Interest Paid Net
InterestPaidNet
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CY2012 us-gaap Interest Paid Net
InterestPaidNet
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CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
820000000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
687000000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
403000000 USD
CY2014 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
54000000 USD
CY2013 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
219000000 USD
CY2012 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
146000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
766000000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
468000000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
257000000 USD
CY2014Q2 fdx Guaranteed Principal Amount Of Special Facility Revenue Bonds
GuaranteedPrincipalAmountOfSpecialFacilityRevenueBonds
528000000 USD
CY2014Q2 fdx Future Principal And Interest Payments For Special Facility Revenue Bonds
FuturePrincipalAndInterestPaymentsForSpecialFacilityRevenueBonds
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CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
2344000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
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CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
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CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
1426000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
878000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
4599000000 USD
CY2014Q2 fdx Deposit And Progress Payments
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396000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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11848000000 USD
CY2014Q2 fdx Conditional Aircraft Commitments Boeing767
ConditionalAircraftCommitmentsBoeing767
4
CY2014Q2 fdx Conditional Aircraft Commitments Boeing777
ConditionalAircraftCommitmentsBoeing777
9
CY2014Q2 fdx Additional Aircraft Options Purchased
AdditionalAircraftOptionsPurchased
16
CY2014Q2 fdx Aircraftpurchasecommitmentboeing767fdelivery2016and2017
Aircraftpurchasecommitmentboeing767fdelivery2016and2017
2
CY2014Q2 fdx Boeing777optionsdeferredtwoyears
Boeing777optionsdeferredtwoyears
11
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Within Fiscal Year
AircraftPurchaseObligationWithDeliveryWithinFiscalYear
25
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear
13
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Due In Third Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInThirdFiscalYear
11
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Due In Fourth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFourthFiscalYear
12
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Due In Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFifthFiscalYear
6
CY2014Q2 fdx Aircraft Purchase Obligation With Delivery Due After Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueAfterFifthFiscalYear
12
CY2014Q2 fdx Aircraft Purchase Obligation
AircraftPurchaseObligation
79
CY2014 fdx Related Party Ownership Interest
RelatedPartyOwnershipInterest
0.1
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
795000000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
718000000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
589000000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
502000000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
459000000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
438000000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
361000000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
303000000 USD
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2013Q1 us-gaap Revenues
Revenues
10953000000 USD
CY2013Q2 us-gaap Revenues
Revenues
11435000000 USD
CY2014Q2 us-gaap Revenues
Revenues
11839000000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1183000000 USD
CY2013Q2 fdx Business Realignment Costs
BusinessRealignmentCosts
496000000 USD
CY2013Q1 fdx Business Realignment Costs
BusinessRealignmentCosts
47000000 USD
CY2012Q4 fdx Business Realignment Costs
BusinessRealignmentCosts
13000000 USD
CY2013Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
100000000 USD
CY2013Q2 fdx Number Of Impaired Aircraft
NumberOfImpairedAircraft
10
CY2014Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
793000000 USD
CY2014Q2 us-gaap Other Liabilities
OtherLiabilities
5631000000 USD
CY2014Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
4500000000 USD
CY2013Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
780000000 USD
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
6028000000 USD
CY2014 fdx Interest Net
InterestNet
-142000000 USD
CY2012 fdx Interest Net
InterestNet
-39000000 USD

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